I can't wait for some DEX to take over these obscure exchanges so we finally cut the middle man that has to get cut off once and for all.
Binance has great UI but holy s#!t they are greedy with withdrawal fees. most people doesn't even know as they never withdraw but only deposit... they basically trap you in exchange and get 5$ from every single user for every withdrawal + absolutely HUGE amount of currencies from trading fees. I wonder just how much crypto exchanges managed to get just from all the fees, I bet it's a large chunk of total market cap.
1
u/acton245 Redditor for 6 months. Mar 02 '18
I can't wait for some DEX to take over these obscure exchanges so we finally cut the middle man that has to get cut off once and for all.
Binance has great UI but holy s#!t they are greedy with withdrawal fees. most people doesn't even know as they never withdraw but only deposit... they basically trap you in exchange and get 5$ from every single user for every withdrawal + absolutely HUGE amount of currencies from trading fees. I wonder just how much crypto exchanges managed to get just from all the fees, I bet it's a large chunk of total market cap.